Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 24.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,416 shares of the semiconductor company’s stock after acquiring an additional 10,926 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Synopsys were worth $27,342,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Synopsys by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 15,060,784 shares of the semiconductor company’s stock worth $7,721,363,000 after purchasing an additional 231,014 shares during the period. State Street Corp lifted its holdings in shares of Synopsys by 1.2% in the 2nd quarter. State Street Corp now owns 7,266,446 shares of the semiconductor company’s stock worth $3,725,362,000 after buying an additional 85,662 shares during the period. Geode Capital Management LLC grew its position in shares of Synopsys by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 3,545,892 shares of the semiconductor company’s stock worth $1,810,214,000 after buying an additional 51,043 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Synopsys by 29.1% during the second quarter. Ameriprise Financial Inc. now owns 2,598,874 shares of the semiconductor company’s stock valued at $1,333,095,000 after buying an additional 585,494 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of Synopsys by 10.9% in the second quarter. Alliancebernstein L.P. now owns 1,913,001 shares of the semiconductor company’s stock valued at $980,757,000 after acquiring an additional 187,790 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.
Synopsys Trading Up 2.1%
Synopsys stock opened at $525.18 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.52 and a current ratio of 1.62. The stock has a market cap of $100.48 billion, a PE ratio of 65.73, a price-to-earnings-growth ratio of 4.28 and a beta of 1.12. The stock has a 50-day moving average of $445.06 and a two-hundred day moving average of $504.39. Synopsys, Inc. has a one year low of $365.74 and a one year high of $651.73.
Analysts Set New Price Targets
SNPS has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on shares of Synopsys from $600.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, December 11th. Zacks Research raised shares of Synopsys from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Needham & Company LLC lifted their price objective on shares of Synopsys from $550.00 to $580.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Rosenblatt Securities raised shares of Synopsys from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $605.00 to $560.00 in a research note on Tuesday, December 9th. Finally, Bank of America upgraded Synopsys from an “underperform” rating to a “neutral” rating and lowered their target price for the stock from $525.00 to $500.00 in a report on Monday, December 8th. Eleven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Synopsys has an average rating of “Moderate Buy” and a consensus target price of $562.13.
View Our Latest Research Report on Synopsys
Insiders Place Their Bets
In other news, CFO Shelagh Glaser sold 3,657 shares of Synopsys stock in a transaction on Friday, December 19th. The shares were sold at an average price of $460.77, for a total transaction of $1,685,035.89. Following the completion of the sale, the chief financial officer directly owned 17,842 shares in the company, valued at approximately $8,221,058.34. The trade was a 17.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Janet Lee sold 250 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $510.00, for a total transaction of $127,500.00. Following the sale, the insider directly owned 12,209 shares in the company, valued at $6,226,590. This trade represents a 2.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.62% of the company’s stock.
Synopsys Company Profile
Synopsys, Inc is a leading provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) used to design, verify and manufacture integrated circuits and complex systems-on-chip (SoCs). Its product portfolio spans tools and technologies for front‑end design and synthesis, simulation and verification, physical implementation and signoff, and design-for-manufacturability, enabling chip designers to move from architecture through tape‑out.
In addition to core EDA offerings, Synopsys supplies a broad set of semiconductor IP building blocks — such as interface, memory and analog/mixed-signal cores — that customers integrate into SoCs to accelerate development.
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